The EU's new austerity treaty - Interview with Kenneth Haar

28 February 2012
Multi-media

What are the economic and political implications of the new fiscal treaty? And once signed, will the treaty have to go through a referendum?

Despite the strong and growing resistance in Greece and other European countries to the direction of EU policy responses to the crisis, the process for this new treaty has unfolded with disquieting speed: initiated in November, an agreement was already reached by end of January among the EU25. This comes at the expense of stifling democratic debate and, indeed, shortcutting the normal consultative procedures in the treaty process through legal manoeuvres.

We asked Kenneth Haar the following questions:

What are the economic and political implications of the new fiscal treaty?

And once signed, will the treaty have to go through a referendum? (1.55 min into the video)


Kenneth Haar is advisor to the Red Green Alliance in the Danish parliament, and editor of NOTAT - a magazine on European affairs. He has worked for Corporate Europe Observatory since early 2009, mostly on the financial lobby in the EU and on the euro crisis.